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    Iconic Commercial Property in Stigler Title is generated by Realmo AI

    202 S Broadway Street, Stigler, OK 74462

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    Pending
    $175,000

    COMMERCIAL - Stigler, OK

    Type:Retail
    Property size:
    6,171 SF
    Lot size:
    0.41 Acres
    Added:
    Feb 22, 2026
    Days on Market:
    82
    Last Refresh:
    May 15 at 12:06 am

    Property Features for 202 S Broadway Street

    General Information

    Property type
    Commercial Sale
    Property subtype
    Retail
    Zoning
    CI
    Interior features
    High Speed Internet, Mini-Kitchen, Public Restrooms
    Exterior features
    Dumpster, Sidewalk, Storage
    Fencing
    Chain Link
    Standard status
    Pending
    APN
    1001-00-125-001-0-000-00
    Size
    6,171 SF
    Lot size
    0.41 Acres

    Taxes and HOA fees

    Tax Year
    2025
    Tax Description
    LOTS 1 THRU 4 BLK 125 & LOT 18 BLOCK 125 STIGLER
    Tax Annual Amount
    817

    Building Details

    Year built
    1947
    Building materials
    Frame
    Additional Structures
    Storage

    We can help!

    Listing Contact
    Mycah Boyd
    Mycah Boyd

    Listing agent Mycah Boyd License #182089

    Listing office RE/MAX Champion Land 205 W Main, Poteau, OK

    Listing date Feb 22, 2026

    MLS# 2606266

    Copyright © 2026 MLS Technology, Inc. All rights reserved. All information provided by the listing agent/broker is deemed reliable but is not guaranteed and should be independently verified.

    HighLights

    • High‑visibility corner location on Broadway and Southeast A.
    • Over 6,000 sq ft of total space offering flexible layout options.
    • Equipped with multiple offices, several bathrooms, and a mini‑kitchen.
    • Includes a 20' x 20' loafing shed for extra covered storage or workspace.
    • Suitable for retail, warehouse, office, automotive, or multi‑use investment.
    • Known locally as Johnson's Lumberyard, providing instant recognition.

    Overview

    This commercial property, formerly Johnson's Lumberyard, is located on the corner of Broadway and Southeast A in Stigler. The property offers over 6,000 square feet of total space. The building includes multiple offices, several bathrooms, and a mini kitchen. In addition to the main structure, the property includes a 20' x 20' loafing shed to the east, providing extra covered storage or workspace. The location on Broadway ensures visibility and accessibility, suitable for retail, warehouse, office space, automotive, or a multi-use investment. The property is situated on a lot of approximately 0.409 acres.
    Property Profile Insight Report Location Intelligence

    Current Use by Public Records

    Conklin & Sanders P.L.L.C Law Firm T.J.&R auto restoration ... Auto Repair Shop Auto-Correction Detailing and Window ... Car Wash

    Suggested Use

    Restaurant Real Estate Agency Law Firm Building Supply Dental Office Spa & Massage Center Big Box & Wholesale Store Auto Repair Shop Hair Salon Hotel & Motel

    Zoning and permitted uses should be independently verified with local authorities.

    Location Insight

    • Map
    • Local Demand
    City
    Stigler
    County
    Haskell
    State
    Oklahoma
    Longitude
    -95.125722
    Latitude
    35.252754

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    FAQs

    What type of property is this?
    Specialty property - Well-known commercial property with over 6,000 square feet of space.
    Where is this specialty property located?
    The property is located at 202 S Broadway Street Stigler, OK.
    What is the asking price?
    The asking price for this property is $175,000.
    What are key features of this property?
    This property features: High‑visibility corner location on Broadway and Southeast A.; Over 6,000 sq ft of total space offering flexible layout options.; Equipped with multiple offices, several bathrooms, and a mini‑kitchen.
    (918) 658-8067
    We can help!
    Listing Contact
    Mycah Boyd
    Mycah Boyd
    Real Estate License ID: 182089
    Learn More
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    Realmo Value Estimations

    Realmo estimates a property’s market value using a proprietary methodology that incorporates public data and user-submitted information. This cumulative value is generated by integrating a variety of conventional and innovative methods. 

    Disclaimer

    These figures are not official appraisals and should not be used as a substitute for a valuation performed by a licensed appraiser.
    Actual market value may differ due to factors not captured in the data. Estimates are offered for informational purposes only, and users should conduct independent research before making financial or investment decisions.
    By using this feature, you acknowledge that Realmo is not responsible for actions taken based on these estimates.

    AI approach

    Realmo AI Method estimates property value using machine learning models trained on millions of comparable listings, transactions, and market signals. It analyzes property features, location intelligence data, and current market dynamics to predict the most probable market value in real time.

    Realmo CapRate Calculation

    Realmo calculates the Capitalization Rate (Cap Rate) to help estimate a property's potential return on investment. The Cap Rate is a fundamental metric in commercial real estate that measures the relationship between a property's net operating income and its market value.

    How We Calculate Cap Rate

    Cap Rate Formula:
    Cap Rate (%) = (Net Operating Income / Property Value) × 100

    Net Operating Income (NOI) Formula:
    NOI = Area × Lease Rate × (1 - Vacancy Rate) × (1 - Operating Expense Ratio)

    Components

    Net Operating Income (NOI) represents the annual income a property generates after operating expenses:

    • Area: Building square footage from property records
    • Lease Rate: Annual $/sqft based on market data for the property type and geographic location
    • Vacancy Rate: Percentage of unoccupied space based on market data for the property type and location
    • Operating Expense Ratio: Operating costs as a percentage of income, varies by property type

    Property Value is derived from:

    • Recent sale price (if available)
    • Statistical models using comparable sales
    • AI-powered valuation estimates

    Example Calculation

    For a 100,000 sqft Office Building:

    • Lease Rate: $25.00/sqft/year (market data for Office in this area)
    • Vacancy Rate: 8% (market data for Office in this area)
    • Operating Expense Ratio: 35% (typical for Office properties)
    • Property Value: $15,000,000

    Step 1: Calculate NOI

    NOI = 100,000 × $25.00 × (1 - 0.08) × (1 - 0.35)
    NOI = 100,000 × $25.00 × 0.92 × 0.65
    NOI = $1,495,000/year

    Step 2: Calculate Cap Rate

    Cap Rate = ($1,495,000 / $15,000,000) × 100
    Cap Rate = 9.97%

    Property Type Considerations

    Net Operating Income calculations vary by property type due to different operating expense ratios:

    • Office: Higher expenses (30-40%) for HVAC, utilities, maintenance
    • Retail: Moderate expenses (25-35%) for common area maintenance
    • Industrial/Warehouse: Lower expenses (15-25%) for minimal tenant services
    • Multifamily: Moderate expenses (35-45%) including property management
    • Self-Storage: Lower expenses (25-35%) due to minimal maintenance

    Market lease rates and vacancy rates are specific to each property type and geographic location, reflecting local market conditions.

    Disclaimer

    These calculations are estimates for informational purposes only and should not be used as a substitute for professional financial analysis or appraisal.

    • Cap Rate calculations depend on market data that may change over time
    • Actual operating expenses, lease rates, and vacancy rates may differ from market averages
    • Individual property conditions, lease terms, and tenant quality significantly impact actual NOI
    • Property value estimates are approximations and not official appraisals
    • Cap rates vary widely by market, property condition, and investment risk profile

    Professional Guidance Recommended: Before making any investment or financial decisions, consult with licensed appraisers, commercial real estate brokers, and financial advisors who can evaluate your specific property and circumstances.
    By using this feature, you acknowledge that Realmo is not responsible for investment decisions or actions taken based on these estimates.

    Cap approach

    Capitalization Method calculates value based on estimated net operating income (NOI) and applying a market-based capitalization rate (cap rate), we estimate what a typical investor might be willing to pay for it.

    Comparable approach

    Comparable estimate is based on recent sales of similar nearby properties, adjusted for factors like size, condition, and location.

    Relative

    Relative property class coefficient uses factors that account for typical price differences between various asset types (e.g., retail vs. industrial) to provide a more accurate market-aligned estimate.

    Geo

    Comparable Sales Method, enhanced by Geo coefficients — location-based adjustment factors that reflect differences in price levels across neighborhoods, cities, or regions ensuring a more accurate, market-sensitive valuation.

    Stat Estimate

    This method estimates value based on actual market adjusted recent (~5 years) sales of comparable properties around by location and property type.

    • Ranges - area data calculated by industry standard IQR Outlier Removal Method
    • Range-from: 75% of all similar sales ($/sqft) are above this value
    • Range-to: 75% of all similar sales ($/sqft) are below this value
    AI Estimate

    This method estimates value based on AI market estimation of comparable properties around by location and property type.

    • Ranges - area data calculated by industry standard IQR Outlier Removal Method
    • Range-from: 75% of all estimations ($/sqft) are above this value
    • Range-to: 75% of all estimations ($/sqft) are below this value
    Alternative use

    Estimate considers the property’s potential value if used for a different purpose-based on zoning, demand, and market feasibility.

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    202 S Broadway Street, Stigler, OK 74462
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